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Their own payment-practices filing · gov.uk

How long does LRC Products Limited take to pay its suppliers?

CRN 00698371 · Manufacturing · 8 statutory reports on record · period to 31 Dec 2024

105days
their reported average time to pay suppliers, latest period
Well behindvs a 31-day median across 6,185 recent filers

Self-reported figure from their statutory filing. How this is compiled.

Share
Dated record. The latest report covers a period ending 31 Dec 2024 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.

On the public register · Companies House

Company record

Status
Active
Type
Private Limited Company
Incorporated
14 Jul 1961
Registered office
103-105 BATH ROAD, SLOUGH, SL1 3UH
0 outstanding charges on the register Accounts due 30 Sept 2026

Open the full record at Companies House.

Terms vs reality

Stated terms: 30–180 days. Reported average: 105.

Stated terms30–180d
+75 days
Reported avg105d

At a glance

The key figures

30–180d
their stated terms
20%
invoices paid outside terms
+4d
slower over the window
±3d
steady pattern

Vs peers · latest reported averages

fasterslower
Slower than 99% of the 992 large companies reporting in manufacturing.

The pattern

Getting slower

Average days to pay across their last 6 statutory reports.

terms 30d
101
105
99
102
100
105
H1 2022H2 2022H1 2023H2 2023H1 2024H2 2024

Where their supplier invoices land · latest period

within 30 days 15% 31–60 days 2% 61+ days 83%

The read · computed from their figures

LRC Products Limited has filed 8 statutory payment periods (earliest H1 2021). Their latest report puts the average at 105 days against stated terms of 30–180 days.

The direction is slower: from 101 to 105 days over the window — about 4 days slower.

In the latest period 20% of invoices were paid outside their agreed terms, and 83% landed 61+ days out.

What they tell their suppliers

Offers e-invoicing Offers supply-chain finance

In their own words · from the filing

Standard payment terms

Reckitt’s standard payment terms are that payment is made on the first working day after the end of the month in which falls the ninetieth (90) day after the date of the relevant invoice. We do have suppliers on payment terms which are different to the standard.

Dispute resolution

Reckitt aims to resolve queries or disputes regarding invoices and payment as quickly as possible. In the first instance, suppliers should speak with their Reckitt contact who can liaise with the Accounts Payable team. Alternatively, suppliers can contact the Accounts Payable team directly. When resolved, the invoice will be available for payment on the next standard payment run.

Other information

The company has a policy to ensure that small suppliers are able to opt for a 30-day payment period. https://www.reckitt.com/sustainability/policies-and-reports/

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H2 202410520%83%29 Jan 2025
H1 202410010%83%26 Jul 2024
H2 202310240%83%25 Jan 2024
H1 20239951%79%28 Jul 2023
H2 202210533%84%27 Jan 2023
H1 202210161%83%29 Jul 2022
H2 202111048%87%24 Jan 2022
H1 20219524%78%30 Jul 2021

Working-capital effect

What a 105-day cycle ties up

Illustrative. On a hypothetical £12k/month account, at a 105-day vs a 30-day payment cycle.

≈ £41,500
of invoicing outstanding at any one time on a 105-day cycle — about £29,600 more than the same account would carry at 30-day terms.

Late Payment Act. The Late Payment of Commercial Debts Act lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.

Quick answers

Are they getting slower or faster?
Their reported average has moved about 4 days slower over the window (101 → 105 days).
What's their typical pay point?
Their latest reports average around day 105, moving within about ±3 days. Treat that as a historical reference point, not a promise for a new invoice.
Can I see what this means for my invoices?
Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.

Stay ahead

Watch LRC Products Limited (free)

Their next payment report is due ≈ 29 Jul 2025. We watch their public record and email you when something changes — a new payment report, late filings, insolvency markers, new charges.

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More large companies in manufacturing

Lotte Chemical UK Limited · Lubricants UK Limited · London Ev Company Limited · Lubrizol Limited · Lofthouse of Fleetwood Limited · Lucchini Unipart Rail Limited

How UK payment reporting works

What is a Payment Practices Report?
UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.
What does "paid outside agreed terms" mean?
The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.
How often is this data updated?
Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.
Is this official government data?
The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.

The 31-day comparison figure is the median across 6,185 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-00698371 · latest period to 31 Dec 2024

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